The following is for study only and has NOT been approved by the
Taxation and Government Finance Committee, Legislative or Executive
Committees or the Board of Directors.
What are the Mission Statements for the Taxation and Government Finance
Committee and its four Issues Areas?
Options Not Applicable.
In January, 2009, the C.A.R. Board of Directors adopted the recommendations
of the Reorganization Task Force that the Committee structure be
reorganized into four policy committees and two levels of government
committees that will handle the same issues formerly addressed by more than
a dozen committees. This resulted in the establishment of the Taxation and
Government Finance Committee with original jurisdiction over four issue
areas: (1) Commercial Investment, (2) Government Finance, (3) Property Tax,
and (4) Transaction Tax.
The Board of Directors adopted the recommendation of the Public Policy
Reorganization Task Force in 2009 to create a more efficient policy and
legislative body in C.A.R. The Task Force was created out of concern that a
proliferation of C.A.R. policy committees impaired the efficient
functioning of the policy-making process and was fostering an environment
of committees that were duplicative and too narrowly focused. This
structure seemed to invite too many task forces to be appointed to consider
"big picture" issues and made it difficult to avoid multiple presentations
of the same issue.
The Reorganization Task Force met extensively during 2008 and early 2009.
The Task Force members reviewed and discussed existing policy formation
committees and structures, and reviewed background materials from staff.
These deliberations resulted in the recommendation that the Committee
structure should be reorganized into four policy committees and two levels
of government committees that will handle the same issues formerly
addressed by more than a dozen committees. All issues covered by each
Committee will be addressed by that committee as a whole. Issues Chairs, in
the order designated by the Committee Chair, will lead the discussions on
issues within their respective areas.
These recommendations were ultimately adopted by the C.A.R. Board of
Directors in January, 2009, resulting in creation of the Taxation and
Government Finance Committee with the following mission statement:
The Committee is a Policy committee. Its mission is to develop C.A.R.'s
government finance and taxation policy agenda. It has original jurisdiction
to evaluate legislation and regulation in the following issue areas as they
relate to real estate:
Taxation and Government Finance Committee: Issue Area Mission
1. Commercial Investment:Commercial Investment issues
relate to the buying and selling of commercial properties including, but
not limited to, 1031 tax deferred property exchanges, passive losses, split
roll property taxation and tenancies in common.
2. Government Finance:Government Finance issues
relate to the process through which revenue is generated to fund government
activities including, but not limited to, bonds and borrowing, business
license taxes, the mortgage interest deduction, redevelopment, special
districts including Mello-Roos Districts, the state budget and vote
thresholds for approval of property assessments and
3. Property Tax:Property Tax issues include, but are
not limited to, benefit assessments, Proposition 13 and property tax base
year value portability, and parcel taxes.
4. Transaction Tax:Transaction Tax issues include,
but are not limited to, capital gains taxes, recordation fees, sales and
service taxes, and transfer taxes – both those imposed by the government as
well as those imposed by developers.